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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 19,716 $ 87,096
Restricted cash 57,719  
Prepaid insurance 367 2,825
Other current assets 1,335 2,218
Total current assets 79,137 92,139
Other non-current assets   30
Total Assets 79,137 92,169
Current Liabilities    
Accounts payable 2,474 933
Accrued legal and professional 8,265 12,815
Accrued expenses and other current liabilities 355 1,650
Total current liabilities 11,094 15,398
Liabilities subject to compromise 26,923 30,467
Total liabilities 38,017 45,865
Mezzanine equity    
Series A Convertible Preferred stock, $0.0001 par value, 12,000,000 shares authorized; 300,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 33,410 32,755
Stockholders' equity    
Class A common stock, $0.0001 par value, 450,000,000 shares authorized;,16,096,296 and 15,953,212 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 24 24
Additional paid in capital 1,186,438 1,183,804
Accumulated deficit (1,178,752) (1,170,279)
Total stockholders' equity 7,710 13,549
Total liabilities and stockholders' equity $ 79,137 $ 92,169